Moving To Victoria

✨ APRIL MARKET UPDATE ✨

Not enough growth in inventory means spring market sales are slow.

A total of 637 properties were sold in the Victoria Real Estate Board region this April, 22.7% fewer than the 824 properties sold in April 2022 but an 8% increase from March 2023.

Sales numbers for this April are more moderate than the higher levels we’ve seen in recent years. While we’ve seen an increase in sales over the previous month, we’re not expecting a return to record-setting activity as our inventory levels continue to be very low and new properties are slow to come onto the market.

More housing inventory is needed to balance the supply against spring demand. The good news is that prices have stabilized for now but if listings do not pick up over this season, there is a risk that the price stabilization could turn and we could see prices increase again.

Reach out if you are considering a move this year.

Sarah Crocker
REALTOR® | eXp Realty
(250) 634-0646
[email protected]
homeswithsarah.ca

Your Home, My Passion.
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💸 Creative Ways to Afford Your First Home 💸

It’s a tough time for rookie homebuyers – but don’t despair. By using a few creative workarounds, you can still make your homeownership dreams come true.

🏡 Cover part of your mortgage by getting a roommate or leasing out your garage.

🏡 Consider buying a home with friends or family members.

🏡 Ask loved ones for help with your down payment or closing costs.

🏡 Look for special programs and assistance.

🏡 Expand your home search to new areas and rethink your requirements.

Visit my latest blog post for more creative workarounds you can use to afford your first home! ➡️ https://homeswithsarah.ca/myblog.html/how-to-become-a-homeowner-on-a-first-time-buyers-budget-7894986

How to Become a Homeowner on a First-Time Buyer’s Budget It's not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.[1] Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, b...